HomeMy WebLinkAbout06 APPROPRIATION FOR SERVICES AT TUSTIN LEGACYAgenda Item b _
Reviewed:
AGENDA REPORT City Manager
Finance Director /A
MEETING DATE: JANUARY 7, 2014
TO: HONORABLE MAYOR AND MEMBERS OF CITY COUNCIL
FROM: JEFFREY C. PARKER, CITY MANAGER
SUBJECT: APPROPRIATION OF LAND PROCEEDS FOR CONSULTING
SERVICES
SUMMARY:
At the December 5 Special City Council Meeting, staff presented new concepts for the
future development of the Tustin Legacy project.
As part of that strategy, staff is recommending that the City Council appropriate
$500,000 from Legacy land proceeds to be used to hire the appropriate land use and
development consultants to assist in implementing the changes to the Legacy plans.
RECOMMENDATION:
City Council appropriate $500,000 from the land proceeds fund balance to be used for
land use and development consultant services to implement the Legacy plan.
FISCAL IMPACT:
Adequate funds are available for this appropriation. The work should allow for
expedited land disposition which would increase our fund balance in the future.
CORRELATION TO THE STRATEGIC PLAN:
Goal A, Economic and Neighborhood Development: This action will meet our action
strategy to facilitate and complete land transaction for early development opportunities
as a critical phase of the Tustin Legacy.
Je re C. arker, City Manager